Description: This is a discussion of the title paper by Raymond F. Houseman, which provides some practical aspects of various funding methods. The paper is critiqued, and some alternative methods are discussed.

Description: From the 1960 Transactions Vol. 12 No. 32, this ‘Digest of Informal Discussion’ addresses the current status of reflecting investment timing in the crediting of interest to participating policyholders, primarily in the group pension market where the term “new money” method has come into use.